Finance Ministry may push for IFCI, IIFCL merger

NEW DELHI, JUNE 8:   The Finance Ministry is examining the possibility of merger of two state-run financial institutions, India Infrastructure Finance Company (IIFCL) and Industrial Finance Corporation of India (IFCI) to create a bigger financing firm for the sector. “The proposal is under the active consideration of the ministry so that the huge deficit, which infrastructure space has, can be ... Read More »

Railways to look for innovative ways to finance future projects

The Railways has to raise Rs 5,000 crore every year to strengthen safety infrastructure for achieving its zero accident target. (Representational) Railways will look for innovative ways, including assistance from the World Bank, for financing its future projects. “We have to look into how to finance the future of the Railways. We have already raised some but we need more ... Read More »

UK PM Theresa May Considers Amber Rudd As New Finance Minister: Report

Amber Rudd may become finance minister Theresa May wins a landslide victory (Reuters) LONDON: British finance minister Philip Hammond may be replaced by interior minister Amber Rudd if Prime Minister Theresa May wins a landslide victory in next week’s national election, the Telegraph newspaper reported on Friday. Doubts about Hammond’s future have mounted since he had to reverse plans to ... Read More »

Uber Head Of Finance Gautam Gupta Quits

Uber trimmed its quarterly loss to $708 million on rising revenue San Francisco: Uber confirmed Wednesday that the company’s head of finance is leaving, just after the on-demand ride service trimmed its quarterly loss to $708 million on rising revenue. Gautam Gupta will depart Uber in July to become chief operating officer at a younger startup in San Francisco, according to ... Read More »

Tips to Make Business Loans Shopping Easier

Convincing a lender and availing a loan for the business is nothing less than an arduous task. But, by following some of the basic guidelines, you can make this process simple enough. Now that you have finally started up your venture, you would have felt the need to have a substantial funding source. Of course, you cannot operate, thrive, or ... Read More »

The world of finance: a cosy club

Title: Superhubs: How the Financial Elite and Their Networks Rule Our World Author: Sandra Navidi; Publisher: Hachette India. Price: ₹599 A ringside view of the closed society of financial elites and how they control the world May 28, 2017: Sandra Navidi’s curriculum vitae looks richly speckled. She studied law and practised in Germany and the US. She was an investment ... Read More »

Great and growing potential in green finance

Green bonds can be used to fund projects such as wind farms and solar plants. Scott Eisen / AFP Green finance has quickly become an effective tool in the global push to develop and fund clean energy solutions. With governments around the world focused on lowering carbon emissions, sustainable financing options are an increasingly popular mechanism in the pursuit of ... Read More »

The week ahead in business and finance

Ryanair will publish its full-year results on Tuesday, May 30 CREDIT: GETTY IMAGES Low-cost carrier Ryanair is set to unveil a strong set of full-year results.  Pre-tax profits for the year are expected to be in line with the guided €1.3bn-€1.35bn. Speaking at a conference in Dublin last week, the group’s chief executive Michael O’Leary said profits have risen since ... Read More »

Understanding the Basics of ETFs

One of the key aspects of attaining success in the investment business is to have a good understanding of how the different funds function. In this write-up, you can get basic details of the ETFs and how they add value to your investment portfolio. Over the past few years, the ETFs or Exchange Traded Funds have been gaining immense popularity ... Read More »

‘Bill to Address Bankruptcy in Finance Sector in Next Parliament Session’

New Delhi: The government is likely to introduce in the monsoon session of Parliament a separate bankruptcy law to deal with insolvency in financial sector companies that include banks and NBFCs. The proposed bill will cover all financial service providers that include banks, NBFCs and microfinance institutions which have money deposited, a senior finance ministry official has said. The law ... Read More »